Toyota Is Investing $1 Billion in the Ride Hailing Company That Bought Uber’s Southeast Asia Business

The ride-hailing business said it plans to integrate Drizly into its Uber Eats app......»»

Shares of Uber Technologies Inc. rallied 5.3% in premarket trading Tuesday, after the ride-hailing company announced an agreement to buy on-demand alcohol marketplace Drizly for $1.1 bil.....»»

Uber Technologies Inc.’s quarterly loss of nearly $3 billion didn’t do much to dent analysts’ enthusiasm for the ride-hailing stock as Uber’s management outlined plans to cut costs due to pressures from COVID-19......»»

Uber Technologies will cut about 3,700 full-time jobs and CEO Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said Wednesday as the COVID-19 pandemic decimates its ride-hailing business......»»

Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business......»»

RISE via YouTube Uber's chief technology officer, Thuan Pham, has resigned effective May 16, the company said Tuesday. Pham, who joined the company in 2013, was one of the last .....»»

Uber is considering laying off more than 5,000 of its 27,000-strong workforce, the Information reported. The San Francisco-based company's main ride-hailing business has dropped by about 80% in recent weeks as stay-at-home orders have rippled across .....»»

SoftBank Group Corporation (OTC: SFTBY) backed Grab, a ride-hailing company operating in Southeast Asia, is raising more than $850 million from Japanese firms Mitsubishi UFJ Financial Group Inc read more.....»»

Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion this year......»»

Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Wednesday the ride hailing company could extend its food delivery service to offer courier services for other retail businesses......»»

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Grab, which was valued at $14 billion in March this year, faces a $2 billion payout to Uber if it doesn't go public by March 2023. Uber, a rival ride-hailing app, holds a 27.5% stake in Grab......»»

Voom Airbus' Voom, an on-demand helicopter ride-hailing company, has launched in the San Francisco Bay Area. The company's CEO, Clément Monnet, explained the company's vision in an interview with Business Insider.  Ev.....»»

Grab's food business started in 2016, but it expanded broadly across Southeast Asia last year after the start-up acquired Uber's regional operations that included UberEats......»»

The company – which recently joined Toyota and SoftBank in a $1 billion investment in Uber's self-driving car unit – confirmed its opened a Seattle office about a year after the Business Journal first reported on the search......»»

Uber Technologies Inc reported a $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%......»»

It's a big year for Uber. The first name in ride-hailing had a ton of hype around it for the first half of 2019 thanks to its IPO. And though the $8 billion valuation fell well short of specul.....»»

U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market......»»

U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market......»»

Uber announced the departure of its chief operating officer and chief marketing officer on Friday. Uber CEO Dara Khosrowshahi is taking greater charge of the ride-hailing company. His first order of business? A management.....»»